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Total commemorative banknotes issued is under 1,500 pieces. If you have achieved any figures close to this, then you are doing extremely well, as many of the older commemorative notes are hard to find even in poor conditions.

Opinion: Many collectors of commemorative banknotes would have come across with those Somaliland sets overprinted with gold and silver texts with the following wordings - 5th Anniversary of Independence 18 May 1996 [Sanad Gurade 5ee Gobanimadda 18 May 1996]. I believe these are "home made" (or fake) and not authorised by the central bank. My argument is simple. No central bank would have issued an overprint commemorative banknote that the texts are so large that it would cover the two signatures on the note as well as part of the serial numbers. Even if these are genuine notes, then these could be issued as souvenir sheets and not as legal tender. As I said before, this is my opinion. If you have paid top dollars for these, please think about my argument. There is always a sucker around the corner, including me of course!

All comments are most welcome but it has to be subjects related to banknotes or banknotes collection. If not, it will not be approved. Thanks

08 February 2016

Iran - 50000 Rials 2015 University of Tehran Commemorative

Fifty Thousand Rials
Dated 2015
This note was issued on 1.11.2015 commemorating the 80th Anniversary of the founding of University of Tehran (UT). The University was established in 1934 and it is also commonly known as the Mother University of Iran. The main University is located in the central part of Tehran but also have campuses located across the capital city. The main design on the back depicts the main entrance gate to the University with the following texts printed in both English and Persian - "Capable is the one who is wise. Knowledge makes the old heart young". On the front it has the portrait of the late Iranian Supreme Leader Ruhollah Musavi Khomeini (1902-1989).

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